WeVote
Log In

Bill

Bill

A 973

Relates to the creation of the emergency financial relief fund

2025 Regular Session Introduced by Chantel Jackson

Bill A 973 establishes an Emergency Financial Relief Fund to provide immediate aid to low-income individuals and families facing economic hardships from disasters or crises.

REFERRED TO WAYS AND MEANS
0
WeVote Research Nonpartisan
Bill Summary · A 973

Summary of Bill A 973: Emergency Financial Relief Fund

Bill Overview

  • Bill Number: A 973
  • Title: Relates to the creation of the emergency financial relief fund
  • Status: Referred to Ways and Means
  • Introduced On: January 08, 2025
  • Classification: Bill

Purpose and Intent

The primary purpose of Bill A 973 is to establish an Emergency Financial Relief Fund aimed at providing immediate financial assistance to individuals and families facing economic hardships due to unforeseen circumstances. This fund is intended to support those affected by natural disasters, public health emergencies, or other significant economic disruptions.

Key Provisions

  • Creation of the Fund: The bill proposes the establishment of a dedicated fund that will be used to provide financial assistance to eligible individuals and families.
  • Eligibility Criteria: Specific criteria will be outlined to determine who qualifies for assistance, focusing on low-income households and those directly impacted by emergencies.
  • Funding Sources: The bill may specify various funding sources for the relief fund, including state appropriations, federal grants, and private donations.
  • Distribution of Funds: The bill will detail how funds will be distributed, including the process for application and approval, ensuring that assistance reaches those in need promptly.

Impact

  • Affected Populations: The bill is expected to benefit low-income individuals and families who experience financial crises due to emergencies. This includes victims of natural disasters, public health crises, and other significant economic challenges.
  • State and Local Governments: The establishment of this fund may require collaboration between state and local governments to effectively administer the relief efforts and ensure that assistance is distributed efficiently.

Procedural Aspects

  • Current Status: As of January 08, 2025, the bill has been referred to the Ways and Means Committee for further consideration. This committee will review the bill's financial implications and make recommendations for its advancement.
  • Related Bills: Bill A 973 is related to several prior-session bills, including:
    • A 7137
    • A 5998
    • A 3926

These related bills may provide context or previous legislative efforts concerning financial relief measures.

Conclusion

Bill A 973 represents a proactive approach to addressing economic hardships faced by vulnerable populations during emergencies. By creating an Emergency Financial Relief Fund, the bill aims to ensure that timely assistance is available to those in need, thereby promoting economic stability and recovery in times of crisis. Further developments will depend on the committee's review and subsequent legislative actions.

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.